STOCK MARKET UPDATE

Ticker

6/recent/ticker-posts

PM Modi to visit Tamil Nadu and Kerala today to launch several key projects



Prime Minister Narendra Modi will visit Tamil Nadu and Kerala today. At around 11:15 AM, Prime Minister will inaugurate and lay the foundation stones for several key projects and hand over the Arjun Main Battle Tank (MK-1A) to the Army, at Chennai. At around 3:30 PM, Mr Modi will lay the foundation stone and dedicate various projects to the nation, at Kochi.

These projects will add crucial momentum to the growth trajectory of these states and help hasten the pace of realizing full development potential.

In Tamil Nadu, Prime Minister will inaugur
ate the Chennai Metro Rail Phase-I extension, completed at a cost of 3770 crore rupees, and commission the passenger services from Washermenpet to Wimco Nagar. This 9.05 km long extension will link North Chennai with the Airport and Central Railway Station.

Mr Modi will inaugurate the fourth Railway line between Chennai Beach and Attipattu. This 22.1 km section, laid at a cost of 293.40 crore rupees, traverses through Chennai and Thiruvallur districts and will ease out traffic from Chennai Port. This section connects the Chennai Port and Ennore Port and passes through major yards, providing operational flexibility for the movement of trains.

Mr Modi will also inaugurate the Railway Electrification of single line section in Villupuram - Cuddalore - Mayiladuthurai - Thanjavur and Mayiladuthurai-Thiruvarur. Completed at a cost of 423 crore rupees, the electrification of this 228 km route will enable free flow of traffic without the need for a change of traction between Chennai Egmore and Kanyakumari and will result in a saving of 14.61 lakh rupees per day on fuel cost.


Mr Modi will lay the foundation stone for the extension, renovation and modernization of the Grand Anicut Canal System. The canal is important for irrigation in the delta districts. The modernization of this canal will be taken up at a cost of 2,640 crore rupees and will lead to an improvement in the water carrying capacity of the canals.

Prime Minister will also lay the foundation stone for the Discovery Campus of IIT Madras. The Campus will be built at Thaiyur near Chennai at an estimated cost of 1000 crore rupees in the first phase, over an area of 2 lakh sqm.

In Kerala, Mr Modi will dedicate to the nation the Propylene Derivative Petrochemical Project (PDPP) of BPCL. The complex will produce Acrylates, Acrylic Acid and Oxo-Alcohol, which are at present predominantly imported, and is expected to result in saving of about 3700 to 4000 crore rupees per annum in foreign exchange.

Constructed at a capital cost of about 6000 crore rupees, the PDPP Complex has been set up close to the refinery to achieve integration of feedstock supply, utilities, off-sites and other facilities. It will benefit the downstream sector in saving huge costs as a result of the ready availability of feedstock and optimized supply chain management. With the commissioning, Kochi Refinery has become the first Indian refinery to produce niche petrochemicals.

Mr Modi will also dedicate to the nation the Ro-Ro Vessels at Willingdon Islands, Cochin. The International Waterway Authority of India will deploy two new Roll-on/Roll-off vessels between Bolgatty and Willingdon Island on National Waterway-3.

The Ro-Ro vessels, MV Adi Shankara and MV CV Raman, will have the capacity to carry six 20-feet trucks, three 20-feet trailer trucks, three 40-feet trailer trucks and 30 passengers each. The service will benefit trade as a result of reduced transportation cost and transit time, and will also lead to reduced congestion on the roads of Kochi.

Prime Minister will also inaugurate the International Cruise Terminal “Sagarika” at Cochin Port. Situated at the Ernakulam Wharf on Willingdon Island, it is India’s first full-fledged international cruise terminal. It has state-of-the-art facilities and has been constructed at a cost of 25.72 crore rupees. It will promote tourism, give a fillip to development and will act as an effective instrument for employment generation, earning revenue and foreign exchange.

Mr Modi will also inaugurate the Marine Engineering Training Institute, Vigyana Sagar, Cochin Shipyard Ltd. It is a premier Maritime Learning Centre and is the only Maritime institute in India functioning within a shipyard, having extended training facilities for trainees on various vessels under construction or repair.

Constructed at a capital cost of 27.5 crore rupees, the institute has an intake capacity of 114 fresh graduates. It will create a talent pool of marine engineers and personnel to fulfill the requirement of the Maritime industry in India and abroad.

Prime Minister will also lay the foundation stone of Reconstruction of South Coal Berth at Cochin Port. It is being reconstructed at an estimated cost of 19.19 crore rupees under the Sagarmala Scheme. Upon completion, a dedicated berthing facility will be available for chemical handling at Cochin Port.

Reconstruction of the Berth will ensure quick and efficient handling of cargo and reduced logistics cost.

  SOURCE ; AIR

Social media is bold.

Social media is young.

Social media raises questions.

 Social media is not satisfied with an answer.

Social media looks at the big picture.

 Social media is interested in every detail.

social media is curious.

 Social media is free.

Social media is irreplaceable.

But never irrelevant.

Social media is you.

(With input from news agency language)

 If you like this story, share it with a friend!  

    We are a non-profit organization. Help us financially to keep our journalism free from government and corporate pressure

 

Geekbuying WW

Post a Comment

0 Comments

Custom Real-Time Chart Widget

'; (function() { var dsq = document.createElement('script'); dsq.type = 'text/javascript'; dsq.async = true; dsq.src = '//' + disqus_shortname + '.disqus.com/embed.js'; (document.getElementsByTagName('head')[0] || document.getElementsByTagName('body')[0]).appendChild(dsq); })();

market stocks NSC